Life
insurance
How much Life Insurance cover do I need?
Quite simply - that's up to you!
No one likes to think about their life insurance policy being required, but we want to help make sure that in the event of a claim it does everything you intended, at a time when it's needed most.
Our simple 3 step process will help guide you through it…
- You can start by getting an idea of how much cover is suitable
for your needs. Use our handy Lifestyle
Maintenance Calculator to help you do this. This simple but
really helpful tool takes into account various factors to give
you an indication of how much cover you might need. If it doesn't
seem enough for your requirements you can play around with the
figures until it suits your own needs and finances.
Also, think about what the cover would actually be used for. We've detailed some of the main things you might want to consider…
- How much is your mortgage or rent?
- How much are your family living expenses e.g Household bills, running a car etc.
- Any loans or credit card payments
- If you have children, how long will they be dependent on your income?
- Do your children have educational fees you may need to pay for?
- Cost of child care if you're out at work
- Funeral expenses
- And don't forget costs for visiting friends and family, and time to get away
- Now use our handy Cover
Calculator to help make sense of it all by answering some
simple questions based on what you've read so far, guiding you
as to what might be the right type of policy and correct level
of cover for you.
We've also put together some basic scenarios to give you an idea of what some typical customers might choose, and what could influence their decisions. - Now you've got a good idea of what type and how much
cover you need, why not use our easy to use quotation tool to
work out how much this will cost per month. You can use the same
system to then go ahead and buy on-line if you wish.
